Periodic tenancy?? | The Tenants' Voice
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Periodic tenancy??

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127 views 1 replies latest reply: 26 February 2017
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Tenant

My tenancy is due for renewal and my landlord wants to out the rent up, so we really need to get on the property ladder, my farther inlaw has offered to give us a deposit to buy, I wanted to know if a periodic tenancy would just happen or we both have to agree to it, and do i offer the landlord that as an option? And if I sign for 6 months and want to move before it ends do i have to pay the remaining months rent?

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Tenant

Periodic tenancy happens automatically when the current tenancy expires. Nobody needs to do anything. However, if your landlord wants to increase your rent, it’s likely they will demand you to sign a new contract, so you really need to do some negotiating with them about the price and the duration of the tenancy. 

If you do break a fixed period, you will have to pay at least until another tenant is found and then likely a fixed percentage of your remaining rent as compensation to the landlord. 

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